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Featured MNV Articles:
| Snatch This Bargain Dividend Stock With 5.8% Yield Even Cheaper Than CEO Hutchens DidBy Dividend Channel Staff, Friday, November 18, 2:03 PM ET
There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on August 25, National Health Investors, Inc.'s CEO and President, James Justin Hutchens, invested $65,230.05 into 1,500 shares of NHI, for a cost per share of $43.49. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Friday, bargain hunters could buy shares of National Health Investors, Inc. (NYSE:NHI) and achieve a cost basis 2.4% cheaper than Hutchens, with shares changing hands as low as $42.44 per share. It should be noted that Hutchens has collected $0.61/share in dividends since the time of their purchase, so they are currently down 1.0% on their purchase from a total return basis. National Health Investors, Inc. shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of NHI shares, versus its 200 day moving average:
Looking at the chart above, NHI's low point in its 52 week range is $37.90 per share, with $49.55 as the 52 week high point — that compares with a last trade of $42.77. By comparison, below is a table showing the prices at which insider buying was recorded over the last six months:
The current annualized dividend paid by National Health Investors, Inc. is $2.46/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 09/28/2011. Below is a long-term dividend history chart for NHI, which can be of good help in judging whether the most recent dividend with approx. 5.8% annualized yield is likely to continue.
According to the ETF Finder at ETF Channel, NHI makes up 1.31% of the iShares FTSE NAREIT Residential Plus Capped Index Fund ETF (AMEX:REZ) which is trading higher by about 0.1% on the day Friday. See what other ETFs contain NHI » NHI operates in the REITs sector, among companies like Potlatch Corp (NASDAQ:PCH) which is up about 0.2% today, and PS Business Parks, Inc (NYSE:PSB) trading higher by about 0.6%. Below is a three month price history chart comparing the stock performance of NHI, versus PCH and PSB.
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